B.Com. (Hons.

): Semester – IV
Paper code- 344: INDIAN ECONOMY –PERFORMANCE AND POLICIES

Duration: 3 hrs. Marks 100 (External 80 : Internal 20) Lectures:65

Unit 1. Basic Issues in Economic Development: Lecture: 08

Concept and Measures of Development and underdevelopment; Human Development.

Unit 2. Basic features of the Indian Economy at Independence: Lecture: 08

Composition of national income and occupational structure, the agrarian scene and industrial structure.

Unit 3. Policy Regimes:- Lecture: 08

a) The evaluation of planning and import substituting industrialization.

b) Economic reform and liberalization.

Unit 4 . Growth, Development and Structural Change: Lecture: 21

a) The experience of Growth, Development and Structural Change in different phases of growth
and policy regimes across sectors and regions.
b) Detailed study of Road, Rail, Waterways and Air transportation.

Unit 5 .Sectoral Trends and Issues: Lecture: 20

a) Agriculture : Agrarian growth and performance in different phases of policy regimes i.e. pre
green revolution and the two phases of green revolution ; Factors influencing productivity
and growth’s role of technology and institutions; price policy ,the public distribution system
and food security.
b) Major Industries – Iron and Steel, Cement, Sugar, Jute and Cotton.

Readings:
1. Mishra and Puri, Indian Economics, Himalaya Publishing House.
2. Gaurav Dutt and KPM Sundarum, Indian Economy, S. Chand & Company.
3. Deepashree, “ Indian Economy, Performance and Policies”, Scholar tech, New Delhi.
4. Bettleheim Charles, India Independent. Chapter 1, 2 & 3.
5. Bhagwati, J and Desai, P. India: Planning for Industrialization, OUP Ch 2.
6. Patnaik, Prabhat. Some Indian debates on Planning. T. J Byres (ed.). The Indian Economy: Major
debates since Independence, OUP
7. Ahluwalia, Montek s. State level Performance under Economic Reforms in India in A. O Krueger.
(ed.). Economic Policy Reforms and the Indian Economy, The University of Chicago press.
8. Nagaraj, R. Indian Economy since 1980: Vitrious Growth or Polarization? Economic and Political
weekly. Pp. 2831-39
9. Ray, S. K. Land System and its reforms in India. Section II & III, Indian Journal of Agriculture
Economics. Vol. 51. Nos. 1 & 2
10. Visaria, Pravin. Demographic aspects of Development: The Indian Experience. Indian Journal of
Social Sciences. Vol. 6. No. 3.
B. Com (Hons) CBCS

11. Dreze, Jean and Amartya Sen. Economic Development of Social Opportunity, Ch. 2. OUP.
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 12. Vaidyanathan, A. India’s Agricultural Development Policy. Economic and Political Weekly.
13. Sawant, S. D. and C. V> Achuthan. Agricultural Growth across Crops and regions: Emerging
trends and Patters. Economic and Political weekly. Vol. 30 A2- A13
14. Krishnaji, N. Agricultural Price Policy: A survey with reference to Indian food Grain Economy,
Economic and Political Weekly. Vol. 25 No. 26.
15. Chaudhuri, Sudip. Debates on Industrialization in T. J Byres (ed.) The Indian Economy: Major
debates since Independence.OUP
16. Chandra, Nirmal K. Growth of Foreign capital and its Importance in Indian Manufacturing.
Economic and Political Weekly. Vol 26. No. 11.
17. Khanna. Sushil. Financial Reforms and Industrial Sector in India. Economic and Political Weekly.
Vol. 34 no. 45.
18. Vaidyanathan, A. Poverty and Development Policy. Economic and Political Weekly.
19. Deaton, A and Jean Dreze, Poverty and Inequality in India. Economic and Political Weekly.
20. Planning Commission, Task Force on Employment Opportunities. Ch. 1 & 2
21. Uma Kapila (ed), “Indian Economy since Independence”, relevant Articles
22. Rangarajan, C. and N Jadhav. Issue in Financial Sector Reforms. Bimal Jalan. (ed). The Indian
Economy, Oxford University Press, New Delhi.
23. Chakravarty, Sukhamoy, Development planning- The Indian Experience, Oxford University
Press, Delhi

Note: Latest Edition of text books may be used.

B. Com (Hons) CBCS

B. Com (Hons.): Semester IV

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